PERA Allocates To Och Ziff, Davidson Kempner

Feb 7 2007 | 12:21pm ET

The Public Employees Retirement System of New Mexico on Feb. 6 approved an investment of $30 million in the Oz Master Fund II, the flagship multi-strategy hedge fund run by Och-Ziff Capital Management, and another $30 million to Davidson Kempner Institutional Partners, an event-driven hedge fund. Both allocations are to come from PERA’s fixed-income portfolio.

Marvin Davidson founded Davidson Kempner Capital Management in May 1983. The firm manages some $8.7 billion and invests in merger arbitrage, bankruptcy and restructuring situations and typically does not use leverage.

Daniel Och founded Och-Ziff in 1994 with $100 million from Daniel and Robert Ziff and has turned the firm into a global operation encompassing both hedge fund and private equity practices.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of